32 Hollow Rd Wales — Photo 1 of 36
Recent Drop: $50,000
$700,000
Investment Analysis — 32 Hollow Rd
Wales, MA 01081
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 2-bedroom in 01081 carries an estimated $1,960/mo in gross rent — about a 2.01% cap rate and $14,091/yr in estimated NOI at the $700,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
915
Style
Single Family
Built
1940
This 28-acre woodland retreat offers a rare blend of natural beauty and living history at the base of Mount Pisgah, the highest elevation in Hampden County. Once part of a Revolutionary War–era native road system, the land lies within an area with a rich history from the early days of New England settlement. Today, the land remains remarkably preserved, with majestic stands of pre-colonial pines and towering white oaks. Wide, well-maintained trails throughout the property lead to adjoining state and town-owned forests, with over 300 acres of trails offering exceptional opportunities for hiking, hunting, horseback riding, nature exploration, and quiet retreat. At the entrance to the property is a 19th-century rustic cabin, expanded in 1940, which adds character and historic appeal. An easy drive from Boston, Hartford
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 458 sq ft (the lesser of 900 sq ft or half the 915 sq ft principal dwelling). Lot size: 1,224,036 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Walk/Jog Trails • Other
Geography
Property History
$700,000
Was $750,000
Jul 19, 2026
MLS® 73522720
$750,000
May 21, 2026
MLS® 73522720
Listing Agent: Jean M. Sullivan
Listing Office: Sullivan & Company Real Estate, Inc.
MLS® Number: 73522720
